Truist Financial Increases Science Applications International (NYSE:SAIC) Price Target to $135.00

Science Applications International (NYSE:SAIC) had its price target boosted by Truist Financial from $125.00 to $135.00 in a research report released on Friday, Benzinga reports. Truist Financial currently has a hold rating on the information technology services provider’s stock.

Other analysts also recently issued reports about the company. StockNews.com downgraded Science Applications International from a buy rating to a hold rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. lowered their target price on Science Applications International from $140.00 to $132.00 and set a neutral rating for the company in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $138.29.

Science Applications International Trading Up 1.1 %

NYSE:SAIC opened at $134.58 on Friday. The business’s 50-day moving average is $123.41 and its two-hundred day moving average is $127.21. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. Science Applications International has a 12 month low of $104.26 and a 12 month high of $145.17. The firm has a market capitalization of $6.89 billion, a PE ratio of 15.76 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company posted $2.05 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Research analysts predict that Science Applications International will post 8.07 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.10%. Science Applications International’s dividend payout ratio (DPR) is 17.33%.

Insider Buying and Selling

In other news, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the purchase, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Vincent P. Difronzo bought 215 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was bought at an average cost of $116.72 per share, for a total transaction of $25,094.80. Following the completion of the purchase, the executive vice president now directly owns 2,267 shares in the company, valued at approximately $264,604.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michelle A. O’hara bought 1,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was bought at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the purchase, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The disclosure for this purchase can be found here. Over the last three months, insiders bought 1,715 shares of company stock worth $200,507. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC bought a new stake in shares of Science Applications International during the second quarter valued at approximately $27,000. Parallel Advisors LLC raised its holdings in shares of Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 84 shares during the last quarter. CWM LLC raised its holdings in shares of Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its holdings in shares of Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after buying an additional 284 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.